Answer with its Explanation:
The initial step is to ensure a diverse sample size that incorporates individuals from various cultures, geographic locations, religions, genders, and more, aiding in the optimal assessment of the product's market viability.
The second step involves determining a sample size to gather customer feedback within the required confidence interval that Burger King aims for. For instance, if Burger King targets a 93% customer satisfaction rate, the acceptable error margin can be established using the confidence interval. This sample size will be derived using a practical methodology.
The third step ensures that prediction errors remain reasonably low by implementing a practical method, confidence interval strategy, and diverse test samples. Altogether, this will provide the company with reliable data for informed decision-making.
Initially, I would familiarize myself with the team members assigned to me. With 75 tasks total and fairness being a priority, I would distribute 25 tasks to each individual. If anyone struggles with their assignments, I would either assist them or reassign tasks to ensure they feel comfortable. As a leader, I would also contribute by working alongside my team, listen to any concerns they have, and collaboratively find solutions.
Answer:
The answer is C.
Explanation:
According to the provided details:
Hudson Co. is manufacturing 1,000 units of a vital component at the cost of $54,400 for direct materials, $24,000 for direct labor, $14,400 for variable overhead, and $16,000 for fixed overhead. If they opt to buy the component instead, Hudson could eliminate $9,600 of fixed overhead expenses. The company aims to reduce expenses and prefers to obtain the component externally.
Make in house:
Variable cost per unit = (54,400 + 24,000 + 14,400)/1000= 92.8
Total expenses = 92.8*1000 + 9600= $102,400
Answer:
A) 10,000 units = 15.75 dollars each
15,000 units = 10.5 dollars each.
B) 10,000 units = 1,260,000 in variable costs
15,000 units = 1,875,000 in variable costs
Explanation:
To determine the first figure, simply divide the fixed costs, which include operational and administrative expenses from the production of goods, by the total units produced, computed as follows:
157,500/10,000= 15.75
157,500/15,000=10.5
To calculate the difference regarding variable costing, multiply the per-unit cost by the total units expected to be produced:
126x10,000=1,260,000
126x15,000=1,875,000
